The Most Affordable Neighborhoods in Southgate, KY by Home Value

These days, finding an affordable place to live in the Southgate area can be challenging. Home prices in Southgate are now at a median cost of $184,598, lower than the Kentucky average of $219,615.

The average cost of rent is $1,152/mo in Southgate, primarily driven by the current value of real estate in the Southgate area. In Southgate, 33.25% of households rent, and 37.60% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Southgate is $5,017 per month. Households that rent pay about 22.97% of their income on rent here. Southgate’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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